AB-M AS: årsregnskap 2021 vs 2020
Shrank 10% on revenue, returned to profit
approved 2022-07-31; registry 2022-08-16; journal 2022 876545
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AB-M AS. Revenue 2.17m NOK → 1.96m NOK (-9.9%). Net result -6.06m NOK → +6.25m NOK. Equity -1.64m NOK → 4.62m NOK.
On the constructive side: turned profitable; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AB-M AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 6.06m NOK to a profit of 6.25m NOK. Calculated
-
↑
Equity strengthened
Book equity -1.64m NOK → 4.62m NOK (equity ratio -49.4% → 23.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.17m NOK to 1.96m NOK (-9.9% YoY). Calculated
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↓
Operating result weakened
Operating result +460.4k NOK → +428.0k NOK (op. margin 21.2% → 21.9%). Calculated
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↓
Cash fell
Bank deposits 446.8k NOK → 326.4k NOK (-27.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.44× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 2.61m NOK (0% → 134% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 853.1k NOK → 752.4k NOK (-11.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 687.0k NOK → 6.38m NOK. Reported fact